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LA HB495

Bill

Official Source

Status

Passed

6/11/2025

Primary Sponsor

Brett Geymann

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Reduces the severance tax exemption period for natural gas from horizontally drilled wells completed on or after July 1, 2025, from 24 months to 18 months (or until well cost payout, whichever comes first)
  • Maintains the existing 24-month exemption period for oil from horizontal wells and for gas from wells completed before July 1, 2025
  • Applies to taxable periods beginning on or after July 1, 2025
  • Contingent on the enactment of House Bill No. 600 from the 2025 Regular Session
  • Expected to generate approximately $8.6 million in additional General Fund revenue

Legislative Description

Limits the severance tax exemption for gas produced from certain horizontally drilled wells (EN +$8,600,000 GF RV See Note)

TAX/SEVERANCE TAX

Last Action

Effective date: See Act.

6/11/2025

Committee Referrals

Finance6/3/2025
Revenue & Fiscal Affairs5/12/2025
Ways and Means4/4/2025

Full Bill Text

No bill text available